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As rising damage claims are now a significant barrier to profits for self-insured P2P platforms, those platforms are looking to minimize their losses in any way possible. The vehicle owners are the ones who suffer.
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Uber, a mobile-application-based company that connects customers with vehicle drivers, has extended its insurance offerings to cover driver liability both during tips as well as when a driver is available between trips.
Read More →This extended Q&A addresses typical questions faced by car rental operators regarding all facets of insurance.
Read More →Q: The automobile liability insurance premium for my rental cars is costly. It is our location’s biggest expense after my employee costs. Some of my associates in other states pay much less per car, per month than I do. What can I do to minimize this expense?
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Who should buy a loss damage waiver from a car rental company, and is it covered by your customer’s credit card?
Read More →In a recent New Jersey appellate court decision, an intra-familial exclusion rule included in a car rental company’s supplemental liability policy was deemed void as it did not conform to the state’s automobile insurance laws.
Read More →The new law takes effect July 1.
Read More →Arizona Senate Bill 1286 would’ve changed the state’s liability insurance coverage laws for motor vehicle rentals to say that a company’s insurance is ‘excess coverage to any other available insurance coverage for any damages and injury caused by a renter.’
Read More →HB 2384, if signed by the governor, will regulate insurance and creates disclosure rules in peer-to-peer car sharing.The bill was sent to the state's governor on March 2.
Read More →In Garcia v. Geico General Insurance Co., the 11th circuit U.S. Court of Appeals said that even though the driver of the rental car involved in the crash wasn’t the original renter, the insurance company of the driver is still responsible for coverages.
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